INSUBCONTINENT EXCLUSIVE:
SBI's 1 year to less than 2 year FD will now fetch 6.65 per cent.
Here is some good news for savers
India's biggest lender State Bank of India (SBI) has revised its interest higher on retail fixed deposits or FDs below Rs 1 crore
The revised rate on SBI FDs will be effective from May 28
SBI has revision interest rates by up to 25 basis points in select maturities, according to the bank's website
Interest rate on SBI fixed deposits with a maturity of one year to less than two years has been increased to 6.65 per cent for the public,
from 6.4 per cent earlier
Senior citizens will get an interest rate of 7.15 per cent as compared to 6.9 per cent earlier.SBI fixed deposits with a maturity of two
years to less than three years will fetch an interest rate of 6.65 per cent, higher than 6.6 per cent earlier
Senior citizens will get 7.15 per cent as compared to 7.10 per cent earlier.The interest rates across other maturities have been kept
For example, SBI will offer an interest rate of 5.75 per cent on fixed deposits with a maturity of seven days to 45 days, 6.25 per cent on
46 days to 179 days and 6.35 per cent on 180 days to 210 days
Other maturity brackets of 211 days to less than one year will fetch 6.40 per cent, three years to less than five years will offer 6.70 per
28.03.2018Revised For Public w.e.f
28.05.2018Existing for Senior Citizens w.e.f
28.03.2018Revised for Senior Citizens w.e.f
28.05.20187 days to 45 days5.755.756.256.2546 days to 179 days6.256.256.756.75180 days to 210 days6.356.356.856.85211 days to less than 1
year6.46.46.96.91 year to less than 2 year6.46.656.97.152 years to less than 3 years6.66.657.17.153 years to less than 5 years6.76.77.27.25
years and up to 10 years6.756.757.257.25(Source: sbi.co.in)(SBI fixed deposit interest rate across different maturities)With SBI increasing
its interest rate on fixed deposits, other banks are also expected to follow suit.
